RE:Results Analysis in case you missed it
As I previous expected it looks like an high grade zone below the open pit. For open pit gold reserves that tend to be low grade, high volume, this was already a good one. Now that it looks like a high grade zone below, now de-risked this play, quite a bit. An underground mine section can built below this. This is a common mine plan in the business.
It's not only that these holes are high grade, it's the shear length of the mineralized zone. You might see really high grades, higher than this, but much shorter lengths. This amount of g/t in a hole this long is truly spectacular hole in the gold business. For perspective a 72 metre would be taller than a 22 story building with high grade gold. It seems that geological structure show that their is many zones, and trully massive is size.
With Goldcorp alread having a massive mine and infrastructure near by, this would increase the interest in this play from them. In these area plays companies have to merge, buyout, and complete JV to increase profitability in the region. Especially with the gold market geing hit hard, and undervalued in the junior sector. This gold belt with the addition of Torex going ahead with it's mine plan, Goldcorp, and Osisko taking a massive land package, shows that this truly one day will be a great mining district for years to come.
I have had a small position for some time, and really don't look at that much. I have been concentrating on Uranium in mining and had this in the back pocket. But with these results things are looking promising. A deposit is like real estate. I am not going to tell you how the market reacts as the manipulation, capitulation, and clear unwanted sector these days. If your time frame is mid to longer this will be a multi-bagger. You don't know when it will get bought. Pounds in the ground don't change with market.
Do your DD as usual.
Cheers
Presclubs.
(PS. coming here today, I see that "frankman" is still around. I have him on ignore, but see there is alot of responses to him. So I assume he is still grasping at anything he can find, then spin into fear and destruction. Normally I wouldn't involve myself stupid banter but his posts were just so over the top, and misleading. Nobody just picks one of 100's of mining companies destroyed in the market, to "help them on this one" without his own motives. I called him out once on his obvious comments, and he responded with call me a "pumper" because I had joined this site in April, months before. So ridiculous as anyone could read my posts and see I wasn't. I have been investing for many years, and consider myself an expert in the mining industry. I won't see his response, but I sure it will be entertaining.)